A Media Scandal A Day Keeps The Ratings In Play

http://www.commondreams.org/archive/2007/04/28/819/

A Media Scandal A Day Keeps The Ratings In Play
Media Priorities Assure that Real Crises Will Not Be Covered
by Danny Schechter

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Our media remains fixated on misdemeanors, while ignoring felonies.

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For example:

Who is probing why federal regulators at the SEC and compliant Democrats allowed nearly two million families to fall into the sub-prime mortgage noose and now face foreclosures?

Who is looking into the real accounting of our ever expanding wars of terror, with the ongoing squandering of government resources and the transfer of billions from the public treasury into private hands? We know that war profiteers are greedy, but who is supposed to be watching the public purse?

Is it the old story of foxes guarding the chickens? And , you can be sure, these foxes, are not being investigated by FOX.

Even when the Feds are paying attention, the agencies they monitor resist efforts at accountability and transparency. The scammers at Homeland Security are particularly egregious in this regard. The GAO, the agency charged with overseeing government spending complains that they get a runaround and resistance when they try to track their expenditures.

Perhaps it’s time to redirect the TSA White Shirts from searching luggage to inspecting the files of the corrupt agency that employs them.

And what about the larger manipulations of the stock market? Bloomberg reported the other day about trading of upwards of $6 BILLION in PHANTOM shares that don’t exist. Companies are being allowed to buy back their shares with debt at record levels.


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